About overcoming yourself in business, and in life. "I am against a homogenized society because I want the cream to rise." Robert Frost
Tuesday, January 26, 2010
Does your Brand tell a story?
A brand is more than a logo. It is more than clever commercials, low prices, or memorable mascots. When done correctly, a brand is just a few steps away from a living, breathing organism. The more tangible your brand, the more likely your customers are to connect with it, emotionally. When consumers make a connection with a brand, loyalty increases, word of mouth evangelism spreads and your sales rise. If you want your brand to stick, it has to tell a story. That story must be compelling and consistent.
It must be compelling
Think about it, behind every great book, TV show, or movie is a great story. Chances are, you are in love with your significant other because of their story. I am not talking about a history, that’s different. A story has feeling, it has emotion, it has driving purpose, a protagonist to root for, and an antagonist to fight against. Your brand’s story must be compelling because it’s your identity. Your brand should drive decisions throughout the organization from the products you develop to the people you hire and more.
It must be consistent
For a good example of the importance of consistency, check out a blog post by my friends at Sprout Marketing. Consumers are not stupid. If your messaging does not match their experience, they will quickly notice and will likely become disenchanted. Or even worse, they will stop believing you. If you are a hotel, and your advertising promises a restful stay, your check-in process better be stress-free, and your beds must be comfortable.
It must be told well
A great story told poorly is not a great story. Ever heard two different people tell the same story or joke? Each account is a very different experience. Nuances in timing, body language and voice inflection (just to name a few) dramatically change the effect. In your company, the way you tell your brand’s story is just as important as the story itself. This is true externally and internally. Externally, you tell your story through advertising, pr, word of mouth, product design, pricing strategies, and customer experience. Internally you tell your story through things like management style, working conditions, training, and compensation. Don’t ever fool yourself into thinking you can simply ignore this. You cannot avoid developing and sticking to a brand by simply not branding at all, because in the meantime you will develop some sort of brand. And just like that last sentence, the brand you create will be disjointed, confusing, unlikable and unmemorable. I can’t imagine any business owner would want those adjectives used to describe his company.
Start today
If you don’t know your brand’s story, it’s not too late. Start developing it today. It’s more than a mission statement—but that’s a start. It has to have emotion and compelling reasons for people to be associated with and do business with your company. And remember, make it compelling, make it consistent, and tell it well.
Thursday, January 7, 2010
What Twilight can Teach us about Marketing
Say what you want, the Twilight films have been a huge commercial success for Summit Entertainment, the studio behind the phenomenon. Recent reports claim the Vampire vs. Werewolf saga’s latest release, New Moon, has raked in over $280 million domestically with some sources suggesting a worldwide haul of over $450 million. With numbers like that, even the harshest critics would have a hard time arguing the commercial success of the films. And the best news for Summit is there are at least two movies left in the franchise.
Twilight’s success, however, has not come without some opposition. Husbands and film critics everywhere are smearing the characters and plot line in a whole host of creative ways. (Here are some examples: 1, 2, 3.) Though creative, the naysayers don’t even put a dent in the Twilight machine. In fact, many of the self-proclaimed haters will inevitably end up in the theater along with everyone else. (I saw it just a couple weeks ago with my wife).
And while it is been center stage lately, this polarization between raving fans and adamant critics is not unique to Twilight. We see it all the time in the marketplace. If you bring a successful product to market, or create a recognizable brand, you can be certain you will have opposition. Not just competition, but real, in your face opposition. This is the lesson we can learn from Twilight: You cannot please everyone, and what’s better, you don’t have to.
Know your consumers, know what they want, and then deliver it.
Twilight’s success, however, has not come without some opposition. Husbands and film critics everywhere are smearing the characters and plot line in a whole host of creative ways. (Here are some examples: 1, 2, 3.) Though creative, the naysayers don’t even put a dent in the Twilight machine. In fact, many of the self-proclaimed haters will inevitably end up in the theater along with everyone else. (I saw it just a couple weeks ago with my wife).
And while it is been center stage lately, this polarization between raving fans and adamant critics is not unique to Twilight. We see it all the time in the marketplace. If you bring a successful product to market, or create a recognizable brand, you can be certain you will have opposition. Not just competition, but real, in your face opposition. This is the lesson we can learn from Twilight: You cannot please everyone, and what’s better, you don’t have to.
Know your consumers, know what they want, and then deliver it.
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